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CU System
The Tennessee CU to open student branch name academy
NASHVILLE, Tenn. (4/29/10)--In an unprecedented move, The Tennessee Credit Union will open a branch inside Antioch High School, Nashville, Tenn., and will serve as an official sponsor of the school's academy of business and finance. The credit union will open in the fall and be run by students enrolled in The Tennessee Credit Union Academy of Business and Finance, which is part of the school's Academy of Business and Hospitality--one of three career academies at the school. Career academies are similar to college majors, where students are grouped by subject interest. It is the first time in the history of Nashville's public school system that a local business has earned the rights to be an official, named sponsor of a school program, said the credit union and Metropolitan Nashville Public Schools (MNPS) in a joint release. According to local media, the credit union paid $150,000 for the right to name the program. The school board approved a two-year contract Tuesday night. The credit union will train Antioch students to run the fully functioning branch, which will operate during school lunch hours, 10:33 a.m. to 12:28 p.m. The branch will offer deposit and withdrawal transactions for checking and savings accounts and take loan payments, although it will not make loans. Students will get lessons in business ethics, corporate values and financial literacy. Principal Aimee Wyatt and credit union CEO Michael Martin have worked toward the partnership for several months to provide students and staff exposure to "real world" experiences and practical application of course material. "Since our beginning in 1950, The Tennessee Credit Union has been a supporter of public education," said Martin. "Our loyal members employed by MNPS have contributed greatly to our success. We see this opportunity to partner with an excellent school like Antioch as a way we can help promote financial literacy as well as help to prepare students for a career in the field of personal finance." School administrators anticipate that more than 50 local businesses, organizations and post-secondary institutions will sign letters of intent to partner and support individual school academies during an Academy Partners signing event on May 5. The high school has planned and implemented a school redesign since 2006 when the district was awarded a $6.5 million smaller learning communities grant. It has a Freshman Academy and three primary academies, each with two areas of emphasis.
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